Task force. This is an hour and 20 minutes. Not quite six feet as recommended, but more than there has been in the past. And we will wash our hands when were done. Thank you very much. I think theres going to be a very important conference, and i will get to that toward the middle, but i have a few things to report. I want to thank you all for being here and i have to say, i think with social distancing that the media has been much nicer. I dont know what it is, all of these empty these and between chairs. You probably should not have anyone sitting behind you, either, but i love it. It is so much nicer, but i should not say that because youll get me now. Thank you all for being here, and we continue our relentless effort to defeat the chinese virus. Before i begin, i want to start by announcing that today we are bringing home another american citizen. Its a big thing. Very big. Way back to the United States after being imprisoned in lebanon since september 2019. He is battling late st
Warrant that level down sharply today we know you have all the analysis covered well try to get some rest tonight guys see you tomorrow morning thank you very much. Welcome to fast money, im Brian Sullivan and your traders on this very important night tonight are tim seymour and guy adami. Well get to that in a second. A record day on wall street, and for many a day to forget all three major averages plunging more than 7 . The dow the biggest loser, falling 2,013. That is not a misquote, thats the largest point drop ever in one of the top ten biggest decleanings on a percentage basis ever the transports crushed, falling nearly 0 , their worst day since all way back in september of 2001 on 9 11. Todays losses fueled by that crude crash we just discussed. The snrg sector having its worst day as well. Oil losing a quarter of its value, crude is trading below 31 a barrel many oil and gas stocks down 30 and 40 today. As the market assesses many of these companies ability to survive in a low
Attempting to cross into greece from turkey. In sports fans are banned from bahrains formula one race of the coronavirus and australia successfully defend a womens t 20 world cup crowd against india in front of a packed melbourne cricket ground. So that and italy is imposing tough restrictions on a quarter of its population locking down its 2nd largest city and more than 16000000 people to try and stop the spread of coronavirus its just had its biggest rise in cases since the outbreak began with more than 1200 confirmed on saturday well the lockdown includes the entire region of long body where the italian outbreak began. And where the most deaths have been recorded home to 10000000 people no one will be able to move in or out of the area and that includes the countrys economic capital of milan the lockdown will also impact several other provinces including venice and haiti another 6000000 people over the restrictions is set to remain until early april so as the very latest in padua in
Meantime. Of course, now we are a little bit unchanged, fluctuating between gains and losses. David but the nasdaq is holding up. Thisr i think big tech, is there opportunity. Ive spent so much time in san francisco. There was so Much Negative sentiment about big tech, but big tech is increasingly trying to become health care companies. We see that increasingly with the apple, for example. I think this is techs opportunity, if they can partner with healthcare, if they can really start to help out the public, this could perhaps be there moment to really shine and come through. David the violence hasnt just been equities this week. It has also been in bonds. Taylor that has been very volatile. I was making a note earlier that you have to get the liquidity in order in order to see any sort of small rally that we might be trying to get to within the equity market. The fed is trying to help that out, but you have to start to get to a point where we are not selling whatever we can instead of
Eamon, its jon fortt by my account its been about a week since the last gasp of real partisan that i saw when mcconnell and mccarthy were talking about the house bill calling it an ideological wish list and what not. I think the lawmakers pretty quickly started getting on the same page and getting too a different posture, but from where you sit at this point, is it clear where there might be any types of divides around what types of measures congress is willing to take . I know that payroll tax cut was on the table for a bit and then off the table, but beyond that, are there areas where democrats and republicans clearly differ at this point . You know, its unclear right now. You saw Chuck Schumer out earlier today and yesterday saying that what democrats want is a real focus on the workers, if theres going to be bailouts we want to make sure the focus here is on labor and the workers, the people who might get hurt and not just bailouts that would benefit executives. I think theres a sp